Topic: Lightning Network Lenders' (and borrowers) discussion thread. (Read 2033 times)
I have about 150k Sats. Does anyone want to open a Channel? PM Me
Will be back in operation around about June 01, 2020, 02:00:00 AM (your local time) for main-net and test-net lightning network loans up to seven days duration after having managed to finally get all my funds out of the old Éclair wallet and install a new Éclair wallet with healthy inbound and outbound capacity. Main-net: (Inbound BTC 0.02 and outbound BTC 0.005 - Test-net is similar)
I can't find anything that says it is, looks pretty new though... Potentially not the first time I've heard the name so they may have rebranded or the other one I've heard may no longer exist.
Has anyone tried BitWallet App? What's it like? Does it have a Lightning Network function?
Has anyone tried out Phoenix https://phoenix.acinq.co/download - it seems to be Android only (side by side with Eclair) I'm wondering what people think of it?? If it's okay I might try getting the LN for testing purposes started up again.
I can test it out for you since I might include it in one of my future threads. Is there anything you would like to know in particular?
Thanks for your reply.
I downloaded the app (twice) did a virus scan (also twice) copied via cable to my android phone and both times I get the error message:
Quote
Parse error.
There was a problem parsing the package.
There was a problem parsing the package.
I was wondering if the block chain tx fees are similar to Éclair's or are inflated like Blue's?
I've also updated my Éclair wallet and the stuck/unconfirmed transactions haven't been unstuck.
Has anyone tried out Phoenix https://phoenix.acinq.co/download - it seems to be Android only (side by side with Eclair) I'm wondering what people think of it?? If it's okay I might try getting the LN for testing purposes started up again.
I can test it out for you since I might include it in one of my future threads. Is there anything you would like to know in particular?
Has anyone tried out Phoenix https://phoenix.acinq.co/download - it seems to be Android only (side by side with Eclair) I'm wondering what people think of it?? If it's okay I might try getting the LN for testing purposes started up again.
February 10, 2020, 08:24:46 PM
[quote author=HCP link=topic=5186778.msg53812288#msg53812288 date=1581363998]
As it turns out... I found a little Lightning TestNet faucet/test thing: https://htlc.me/
They'll give you some free TestNet funds to play with...
[/quote]
Have updated post #2 with this link. Many thanks.
As it turns out... I found a little Lightning TestNet faucet/test thing: https://htlc.me/
They'll give you some free TestNet funds to play with...
[/quote]
Have updated post #2 with this link. Many thanks.
Yeah, if you're not assigned your own channel then it is possible they just have a few % on the ln.
But if they get a lot of use then they'll need someone monitoring the refills and it might take a while to get your funds though.
But it's generally the same with exchanges anyway.
But if they get a lot of use then they'll need someone monitoring the refills and it might take a while to get your funds though.
But it's generally the same with exchanges anyway.
What I do like about the BLUE LN wallet is that you can deposit on-chain funds directly to your LN wallet and then send them on as LN transactions. Not sure about the hotwallet, they must have thought of that (!) and slowly / trickle feed a portion into a cold wallet to prevent disasters.
Then again, if a wallet goes offline, those funds could get put into (semi)cold storage until the wallet itself becomes hot/active again then they are on "stand-by" (or some sort of rob Peter to pay Paul set-up)
Then again, if a wallet goes offline, those funds could get put into (semi)cold storage until the wallet itself becomes hot/active again then they are on "stand-by" (or some sort of rob Peter to pay Paul set-up)
https://www.walletofsatoshi.com/disclosure.html
I'm not sure if that means $1000 as a total balance, or the total amount deposited. If it's the latter, you'll reach it eventually even if you only use the wallet for small amounts at a time.Quote
4. Customer Credit
a) Limit of $1000 or equivalent
Topping up a Wallet of Satoshi is restricted to a maximum total of $1000 AUD. Bitcoin and Lightning balances are also included in this total. If you attempt to credit your wallet with more than $1000 AUD equivalent, you will need to contact [email protected] to get a refund.
a) Limit of $1000 or equivalent
Topping up a Wallet of Satoshi is restricted to a maximum total of $1000 AUD. Bitcoin and Lightning balances are also included in this total. If you attempt to credit your wallet with more than $1000 AUD equivalent, you will need to contact [email protected] to get a refund.
Yesterday, Wallet of Satoshi didn't allow me to send larger amounts: 3000 sat worked, but 4000 sat didn't work. Today it works again.
Those things are annoying, but all the more reason to spread custodial funds over different wallets.
Hmmmm yeah they don't look like a good choice. Honestly custodial wallets for the lightning network seem a bad idea unless you won't be online for 2 weeks.
I just don't want the hassle of opening and balancing channels. Custodial wallets are much easier.Quote
Lightning network keys must stay online permenantly so it's much less secure than a regular custodian like coinbase.
I wonder how BlueWallet for instance secures their funds against theft (because of a bug or hack). Hmmmm yeah they don't look like a good choice. Honestly custodial wallets for the lightning network seem a bad idea unless you won't be online for 2 weeks. Other than that, you should have enough time to publish a dispute or sign a new commitment transaction.
Lightning network keys must stay online permanently so it's much less secure than a regular custodian like coinbase.
Lightning network keys must stay online permanently so it's much less secure than a regular custodian like coinbase.
I have to have my mobile phone off at various times during the day - same for any person whose battery goes flat / power outage etc. At some point you're going to disconnect from the network.
I did have a chuckle at the counter - the trailing white number is intended to be a fraction - which shows my age I can recall motor-vehicles having such a "feature" in their speedometer.
Hmmmm yeah they don't look like a good choice. Honestly custodial wallets for the lightning network seem a bad idea unless you won't be online for 2 weeks. Other than that, you should have enough time to publish a dispute or sign a new commitment transaction.
Lightning network keys must stay online permenantly so it's much less secure than a regular custodian like coinbase.
Lightning network keys must stay online permenantly so it's much less secure than a regular custodian like coinbase.
I was about to ask if anyone knew of a link for the Wallet of Satoshi APK that doesn't involve google/apple stores, but then I saw this:
https://www.walletofsatoshi.com/disclosure.html
which seems to me as though they have a propriety wallet similar to Blue Wallet but more draconian.
https://www.walletofsatoshi.com/disclosure.html
Quote
4. Customer Credit
a) Limit of $1000 or equivalent
Topping up a Wallet of Satoshi is restricted to a maximum total of $1000 AUD. Bitcoin and Lightning balances are also included in this total. If you attempt to credit your wallet with more than $1000 AUD equivalent, you will need to contact [email protected] to get a refund.
a) Limit of $1000 or equivalent
Topping up a Wallet of Satoshi is restricted to a maximum total of $1000 AUD. Bitcoin and Lightning balances are also included in this total. If you attempt to credit your wallet with more than $1000 AUD equivalent, you will need to contact [email protected] to get a refund.
which seems to me as though they have a propriety wallet similar to Blue Wallet but more draconian.
Sorry, posted this in another thread. Had HW issues.
https://bitcointalksearch.org/topic/m.53707192
It's back up now. Still doing some other testing to make sure everything else is good.
-Dave
https://bitcointalksearch.org/topic/m.53707192
It's back up now. Still doing some other testing to make sure everything else is good.
-Dave
Have (re)connected to:
Code:
03400a67375da5d5d04dd59514452ce9f0cadb2fbec65863073897d52843b61c80@24.45.24.105:9735
and looks to be connecting ok. 
@DaveF - is your application anything like this: Finmail - Send Bitcoin together with Email (Approved by Microsoft) which I just stumbled up on in another section of the forum.
No, someone wrote a custom piece of code. It's just pulling in and then sending it out. Not sending / receiving any payments just wanted to try to stick QR codes on the invoices.
-Dave
My connection to your node is closing, are you changing your settings?
https://bitcointalksearch.org/topic/m.53707192
It's back up now. Still doing some other testing to make sure everything else is good.
-Dave
@DaveF - is your application anything like this: Finmail - Send Bitcoin together with Email (Approved by Microsoft) which I just stumbled up on in another section of the forum.
No, someone wrote a custom piece of code. It's just pulling in and then sending it out. Not sending / receiving any payments just wanted to try to stick QR codes on the invoices.
-Dave
My connection to your node is closing, are you changing your settings?
@DaveF - is your application anything like this: Finmail - Send Bitcoin together with Email (Approved by Microsoft) which I just stumbled up on in another section of the forum.
No, someone wrote a custom piece of code. It's just pulling in and then sending it out. Not sending / receiving any payments just wanted to try to stick QR codes on the invoices.
-Dave
@DaveF - is your application anything like this: Finmail - Send Bitcoin together with Email (Approved by Microsoft) which I just stumbled up on in another section of the forum.
I have never done anything with php and probably won't for a while either.
If they've just put a load of random stuff together though it might not be the most secure thing to run for sending out invoices...
Does quickbooks work with bitcoin? I don't really have to worry about taxes as they just ask for estimates here so I try to give as accurate as possible but they don't care so much if somethings submitted wrong (especially if you overpay or it doesn't affect tax). (I normally just copy and pasta a column in electrum).
If they've just put a load of random stuff together though it might not be the most secure thing to run for sending out invoices...
Does quickbooks work with bitcoin? I don't really have to worry about taxes as they just ask for estimates here so I try to give as accurate as possible but they don't care so much if somethings submitted wrong (especially if you overpay or it doesn't affect tax). (I normally just copy and pasta a column in electrum).
It's actually fairly secure since outside of the email server and the very basic front end for techs it's all offline in it's own little bubble.
The short version is enter ticket info. It sits there till someone goes to QBooks and pulls it. QBooks then emails the invoice using the email server info. The email server in QB is not a "real" email server. It looks and feels like it to QB and the other apps, but it's a bunch of PHP code that pulls together the invoice generated by QB, the trouble ticket / work order / any other documentation in the system and then it sends it to the real email server to be sent out.
So I go out in the field and install a UPS that is one of the stock ones we have.
I put it in the trouble ticket. The next morning the billing person pulls the info and sends the bill. You get an email with the bill, the list of work that I did and and PDF documentation about the UPS that we pre-loaded in the system.
That all works really well, just making changes is a pain.
-Dave
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